![‘The Sky Isn’t Falling (Yet)’, One Bank Says, While Calling For Rate Cuts](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2019/05/TrumpFireStocks.png?fit=1152%2C594&ssl=1)
‘The Sky Isn’t Falling (Yet)’, One Bank Says, While Calling For Rate Cuts
Thanks in no small part to rampant expectations for Fed cuts, US equities were on track Monday afternoon for one of their more impressive five-day rallies in years.
Ostensibly, the Trump administration's decision to call off planned tariffs on Mexico contributed to the risk-on tone to start the new week. That's ironic, because it was precisely the fear of those tariffs (and the read-through for trade talks with Europe and China) that helped cement the case for preemptive rate cuts in the minds
Mexico is easy to push around. China, not so much. Moreover, every bombastic egotistical chest-thumping prediction of “victory” over China only makes Xi, et al. less likely (and less able) to cave. Can’t wait for across-the-board tariffs to go into effect. That will be fun…
The base will turn on him when Dollar Tree changes to Dollar Tree+
If there is one thing Donnie has been good at since the 80’s, it’s the talent to disappoint everybody.
Well, the only exception would be Fred.